News Centre

IOSCO Seeks Feedback On Proposed Good Practices To Improve Trading Venues’ Resilience In Case Of Market Outages

Date 14/12/2023

The International Organisation for Securities Commissions (IOSCO), the global standard setter for securities market regulators, today published its Consultation Report on Market Outages.

Emma Black Appointed As New President Of CISI North East Committee

Date 14/12/2023

The CISI is delighted to announce that Emma Black Chartered FCSI, Co-Founder and CEO of Cascade Cash Management, has been appointed new president of the CISI North East Committee. Emma takes over from Peter Douglas Chartered FCSI.

Statement On Jury's Verdict In Trial Of Mykalai Kontilai And Collectors Coffee Inc, Gurbir S. Grewal, Director, SEC Division Of Enforcement

Date 14/12/2023

On Dec. 13, 2023, after a seven-day trial, a jury in the United States District Court for the Southern District of New York found Mykalai Kontilai and his company, Collectors Coffee, Inc. (a/k/a Collectors Café) liable for securities fraud.  Each were found liable in connection with their roles in a fraudulent securities offering and Kontilai’s misappropriation of millions of dollars in investor proceeds.

SEC Obtains Emergency Relief To Halt $191 Million Cattle Ponzi Scheme

Date 14/12/2023

The Securities and Exchange Commission today announced that it obtained a temporary restraining order, asset freeze, the appointment of a receiver, and other emergency relief to halt an ongoing $191 million cattle Ponzi scheme being perpetrated by Fort Worth, Texas company Agridime LLC, which claims to specialize in meat sales, distribution, and animal supply chain management, and its owners, Josh Link of Gilbert, Arizona, and Jed Wood of Fort Worth. The SEC alleges that the defendants diverted millions of dollars of investor funds to make Ponzi payments and to pay undisclosed sales commissions to themselves and others.

CME Group SOFR Open Interest Surpasses Record 60 Million Contracts

Date 14/12/2023

CME Group, the world's leading derivatives marketplace, today announced that open interest in its deeply liquid SOFR complex set a new record of 60,435,467 contracts on December 12, including 48.3 million options contracts and 12.1 million futures contracts. Average daily volume (ADV) in SOFR futures and options this year also reached a record 5.1 million contracts.

DTCC Comments On SEC Ruling Around Expanded US Treasury Clearing

Date 14/12/2023

DTCC issued the following statement:

The SEC recently issued rule amendments around its 2022 expanded U.S. treasury clearing proposal, bringing added regulatory clarity around the scope of the clearing requirements and implementation timelines. The final rules require a significantly larger portion of the U.S. Treasury cash and repo markets - specifically certain eligible secondary market transactions - to be centrally cleared by December 31, 2025 for cash transactions and June 30, 2026 for repo transactions. As a covered clearing agency, FICC will take the necessary steps as required under the amendments to prepare for this significant initiative.

ESMA Proposes Changes And Updates Timeline For Its Guidelines On Funds’ Names

Date 14/12/2023

The European Securities and Markets Authority (ESMA), the EU’s financial markets regulator and supervisor, today provides an update on the status of ESMA’s guidelines on ESG and sustainability-related terms in fund names, including details on the timing of their publication.

Corporate And Municipal CUSIP Request Volumes Rise In November

Date 14/12/2023

CUSIP Global Services (CGS) today announced the release of its CUSIP Issuance Trends Report for November 2023. The report, which tracks the issuance of new security identifiers as an early indicator of debt and capital markets activity over the next quarter, found a monthly increase in request volume for new corporate and municipal identifiers.

ICE And Blockstream Add Cryptocurrency Options Data To Joint Crypto Offering On The ICE Consolidated Feed

Date 14/12/2023

Intercontinental Exchange, Inc. (NYSE:ICE), a leading global provider of data, technology and market infrastructure, and Blockstream, a leader in blockchain technologies and financial cryptography, today announced the addition of cryptocurrency options data to the Cryptocurrency Data Feed offered via the ICE Consolidated Feed.

Nasdaq Welcomes 125 IPOs And 26 Exchange Transfers In 2023

Date 14/12/2023

• Leading U.S. exchange by number of IPOs and proceeds raised for the fifth consecutive year
• Featured the largest IPO, spin switch, switch, and SPAC combo switch
• 3 of the top 5 largest global IPOs by proceeds raised listed on Nasdaq
• $374 billion in market value switched to Nasdaq